Global CBD Oil Market - Forecast to Grow at a CAGR of 39% During
2017-2021 - Research and Markets

The global CBD oil market is forecast to grow at a CAGR of 39.19% during
the period 2017-2021.

The report, Global CBD Oil Market 2017-2021, has been prepared based on
an in-depth market analysis with inputs from industry experts. The
report covers the market landscape and its growth prospects over the
coming years. The report also includes a discussion of the Key vendors
operating in this market.

The latest trend gaining momentum in the market is the growing influence
of online retailing. The increasing popularity of e-commerce businesses
worldwide has provided vendors with an opportunity to enhance their
profit margins and revenues. E-commerce accounted for nearly 12% of the
global retail trade in 2016. Online and e-commerce channels support both
business-to-consumer (B2C) and business-to-business (B2B) operations.

According to the report, one of the major drivers for this market is the
health benefits of CBD oil. CBD is one of the numerous compounds found
in the cannabis plant. CBD is mostly derived from marijuana and hemp,
which come from the same plant species called Cannabis sativa.
Marijuana-based CBD products have a relatively high content of THC
compared with hemp-derived CBD products. Hence, marijuana-based CBD
products can be used only when they are prescribed by doctors. CBD oil
products have several benefits. They are known to cure various ailments
in the human body. Over the years, the demand for CBD oil has increased
in different parts of the world because of the growing awareness about
the health benefits of CBD oil.

Market Trends:

Growing influence of online retailing.

Increasing number of countries legalizing marijuana and
decriminalizing cannabis.